Term deposits are updated daily. Green deposits are up to 4.9%. The admission fee is only 100,000 yuan. What are the conditions? - Hong Kong Economic Times - Financial Management - Interest Earning Strategy

This website updates information on high-interest time deposits daily. Have you ever thought that making time deposits can also support environmental protection at the same time? Currently, many banks’ green deposits are mostly aimed at corporate customers, but some banks also offer green deposits that retail customers can open. For example, NCB recently offered a maximum 4.9% discount, and the entrance fee is only 100,000 yuan, which is lower than the bank’s current 4.9% discount, but you have to live in a residential complex that supports environmental protection or you are an electric car owner. The specific requirements are as follows︰

Do you regularly support the environment?

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NCB green deposits have a maximum annual interest rate of 4.9% and a deposit period of 9 months. In addition to retail customers, NCB green deposits are also applicable to corporate customers and the conditions are similar to those of individual customers, for details seehere。

HSBC originally had a similar plan, but the approach was that customers would plant a tree as long as they opened a 3 month term deposit. At present, the bank’s three-month fixed term is up to 4.6%, but it needs to be opened online with new funds.

Interest rate hikes in the US will slow further next year. Banks have recently focused on raising annual interest rates on short-term deposits, and some have even lowered annual interest rates on long-term deposits .Some banks have even cut interest rates across the board As a result, up to 10 rooms. For example, after the latest interest rate discussion in the US, Furong Bank cut interest rates for the second time: after cutting them to a high of 4.28% last Wednesday, they were further cut to 4, 08% today; CCB Asia withdrew the 12 Monthly discount of 5.1% The highest annual interest rate was reduced to 4.8%; Airstar Bank also cut interest rates across the board to as high as 4.3% on Thursday.

OCBC Wing Hang also recently removed the 5% for 12 months and changed it to 4.8%. The 3-month deposit period is temporarily held at 5%. In addition, Public Bank also reduced interest on deposits to a maximum of 4.7%. Dah Sing Bank also recently withdrew the high interest rate of 5%.

The bank cuts rates across the board

Although Nanyang Commercial Bank lowered the high-interest discount to a maximum of 5.3%, it recently reduced the initial deposit amount of selected customers from 5 million yuan to 1 million yuan, and added a new way to become a selected customer, Hong Kong ID card As long as the number contains “7” or “3”, you can become a selected customer and get the highest annual interest rate of 5.3%.

CCB Asia has reduced interest on deposits several times in a week: first withdrew the 5.1% 12-month discount, on Wednesday it reduced the maximum annual interest rate for existing customers to below 5% and on Friday it it reduced to 4.8% for 12 months, fell to 4.7% in 6 months and the maximum was 4.45% in 3 months. And the quarterly 5% for new customers has also been withdrawn, reduced to a maximum of 4.9%.

The battle over virtual silver deposits has also cooled off in recent days. On Wednesday, Furong Bank also lowered the annual interest rate for 12- and 6-month deposits to 4.28% and 4.18% for deposits at 3 months. It was lowered further today, 4.08% for 12 months and 6 months and 4% for 3 months. Also, last Thursday, Airstar Bank cut it to as much as 4.3%; Livibank has also cut interest rates in recent days, the current high is 4.2% and the rest of the deposit period is reduced to below 4%.

Previously, the public bank also reduced interest on deposits, and there were adjustments from one month to 12. The highest annual interest rate for fixed-term deposits in Hong Kong dollars is now 4.7%.

Before discussing the interest rate, NCB also cut interest on deposits all round, originally the highest in the city from 5.4% to 5.3%, and that of general customers was reduced from 5% to 4.9%.

Chong Hing also lowered the annual interest rate for low deposits, which was recently reduced to less than 5%, while the maximum deposit of 500,000 yuan or more was kept at 5.05%.

[Alti tassi di interesse regolarmente]Catch the tail of high interest rates to take stock of the 12-month Hong Kong dollar up to 5.3% next year or see the final chapter of interest rate hikes

Fixed Deposit Has the 5% annual interest peaked?

Currently the highest Hong Kong dollar time deposit is 5.3% (excluding very short-term deposits). Fubon Bank, which has always been the first to break through in the past, has been stagnant since the beginning of November, maintaining the highest annual interest rate of 5.1%. As for the big banks, with the exception of HSBC which raised interest on deposits two weeks ago, the other two note-issuing banks were unchanged this month.

Has the 5% annual interest rate peaked? Some analysts have pointed out that HIBOR may have nearly reached its peak, and will remain at its peak in the coming months, and could rebound in the first half of next year. The interest rate is one of many factors that influence the annual interest rate of time deposits.

Lin Junhong, head of research department, Shanghai Commercial BankHe said that “5% fixed deposit is almost (peaked),” he pointed out that Hong Kong’s interest rate will drop after next year’s Chinese New Year, and then the United States may raise interest rates twice, then Hong Kong’s interest rate will still follow the US interest rate hike, but if not coincidentally, it will start to fall a month or two weeks before the last US rate hike.

The one-month Hibor (Hong Kong Interbank Offered Rate) exceeded 5% earlier and recently fell to around 4.7%. Lin Junhong stressed that it will reach a high of 5.3-5.5% l ‘next year.

However, in addition to Hibor, the bank’s fixed deposit annual interest rate still depends on many other factors, including the bank’s other capital costs, operating strategies, and so on.

Banking concentration increases interest on short-term deposits

Focus on adding short-term interest rates: Fubon, CNCB, HSBC, BEA

Banks have focused on raising short-term interest rates: for example, the CNCBI raised its three-month Hong Kong dollar fixed annual interest rate to 4.6% after its meeting on interest rates of United States last week and today brought it to 4.8%. And 12 months and 6 months are waiting.

Fubon Bank also today raised the annual interest rate of the 3-month deposit period from 4.6% to 4.8%, and the minimum deposit amount is 1 million yuan in new funds / exchange funds.

Previously, the Bank of East Asia also only increased the 6-month deposit period to a maximum of 4.8%, and the other deposit periods remained unchanged.

Indeed, HSBC also increased the 3-month deposit period to a maximum of 4.6%, which is higher than 4.3% for 6- and 12-month deposits, and rarely did it not increase the deposit period by 12 months. After HSBC hiked deposit interest rates for a week and a month early last week, the big local bank appears to be keeping a wait-and-see attitude towards the long-term interest rate environment and instead focuses on short-term end of funds.

A spokesman for HSBC stressed that the interest adjustment on deposits takes into account changes in interest rates and market conditions, and the bank will closely monitor market conditions and adjust interest rates in a timely manner.

“Short Longer Less”: OCBC Wing Hang, PAOB, Bank of Communications, Citigroup

Some banks have reduced long-term interest rates and increased short-term interest rates. For example, OCBC Wing Hang withdrew the high 12-month interest rate of 5% and reduced it to 4.8%. but at the same time increased the 3 month deposit period to 5%.

The PAOB reduced the 9-month filing period to 1.5% and slightly increased the 3-month filing period to 4.4%;

Bank of Communications Hong Kong is “short longer less”, the 12-month annual interest rate was reduced to a maximum of 4.7%, and the 6-month deposit period was originally increased to 5% yesterday, so reduced to 4.85% . The 3-month deposit period increased to a maximum of 4.9%.

Citigroup significantly increased the 3-month fixed annual interest rate of Hong Kong dollars and US dollars This special offer for new customers of Citigroup’s business / Citigold private customer account, the annual interest rates of deposits to 3 months, US dollars and Hong Kong dollars were increased to 5.28% and 4.88%, respectively. At the same time, the annual interest rate of its 12- and 6-month deposit terms is lower than that of its peers.

bank raising rates across the board

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There are also individual banks that have raised interest rates across the board, for example ICBC (Asia) recently jumped to the 5% level. The bank’s Hong Kong dollar time deposit offers two discounts: the first is that the annual interest rate will gradually increase, and the last 60 days will have an annual interest rate of 6.1%. Another discount is the annual interest rate of 5% for 12 months, but the initial deposit amount reaches 10 million yuan, which can be described as the highest initial deposit threshold in the city.

The DBS has increased to a maximum of 4.7%, the deposit period is 12 months and the 6 and 3 month deposit periods have also increased to 4.7% and 4% respectively.

Written by: Liao Yiran

want to know more aboutterm deposit︰

100,000 yuan to the Hong Kong dollar regular 12 months 5% only for 6 months this week up to 5% 3 months 4.88% (updated December 16)

500,000 yuan as time deposit, at least 3 banks have 5% interest earning $25,000, 10 at least 4.8% (updated December 16)

Taking stock of the 3-month Hong Kong dollar’s 5.1% maximum regular threshold lowered this week, there are still 3 bank interest rate cuts to 5% (updated Dec 22)

Inventory 6 Months Hong Kong Dollar Regular High 5.2% Low Threshold 5% Deposit 500,000 Earnings Interest 12,500 (Updated Dec 22)

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